Vestor Capital LLC Buys 52,041 Shares of Schlumberger Limited (NYSE:SLB)

Vestor Capital LLC grew its holdings in shares of Schlumberger Limited (NYSE:SLBGet Rating) by 35.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,370 shares of the oil and gas company’s stock after acquiring an additional 52,041 shares during the period. Vestor Capital LLC’s holdings in Schlumberger were worth $8,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. HighTower Trust Services LTA raised its position in Schlumberger by 1.8% in the 1st quarter. HighTower Trust Services LTA now owns 14,443 shares of the oil and gas company’s stock valued at $597,000 after purchasing an additional 251 shares during the last quarter. Eukles Asset Management raised its position in Schlumberger by 6.0% during the 1st quarter. Eukles Asset Management now owns 4,622 shares of the oil and gas company’s stock worth $191,000 after buying an additional 260 shares during the last quarter. WealthTrust Axiom LLC raised its position in Schlumberger by 0.6% during the 1st quarter. WealthTrust Axiom LLC now owns 47,747 shares of the oil and gas company’s stock worth $1,972,000 after buying an additional 273 shares during the last quarter. Clarius Group LLC raised its position in Schlumberger by 2.6% during the 4th quarter. Clarius Group LLC now owns 11,219 shares of the oil and gas company’s stock worth $336,000 after buying an additional 279 shares during the last quarter. Finally, Northeast Investment Management raised its position in Schlumberger by 1.2% during the 4th quarter. Northeast Investment Management now owns 23,507 shares of the oil and gas company’s stock worth $704,000 after buying an additional 282 shares during the last quarter. Institutional investors own 76.34% of the company’s stock.

Insider Transactions at Schlumberger

In other news, insider Gavin Rennick sold 10,759 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $46.70, for a total transaction of $502,445.30. Following the transaction, the insider now directly owns 38,044 shares in the company, valued at approximately $1,776,654.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Gavin Rennick sold 10,759 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $46.70, for a total value of $502,445.30. Following the transaction, the insider now owns 38,044 shares in the company, valued at $1,776,654.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katharina Beumelburg sold 4,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $40.28, for a total transaction of $169,176.00. Following the completion of the transaction, the insider now owns 519 shares in the company, valued at approximately $20,905.32. The disclosure for this sale can be found here. Insiders have sold a total of 12,047,459 shares of company stock worth $205,224,121 in the last three months. Company insiders own 0.28% of the company’s stock.

Schlumberger Trading Up 2.1 %

Shares of Schlumberger stock traded up $0.71 during mid-day trading on Friday, hitting $34.66. 6,863,446 shares of the stock were exchanged, compared to its average volume of 12,074,322. Schlumberger Limited has a twelve month low of $25.90 and a twelve month high of $49.83. The stock has a market capitalization of $49.02 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 0.44 and a beta of 1.86. The company has a 50-day simple moving average of $38.08 and a 200 day simple moving average of $39.82. The company has a current ratio of 1.35, a quick ratio of 0.98 and a debt-to-equity ratio of 0.78.

Schlumberger (NYSE:SLBGet Rating) last released its quarterly earnings results on Friday, July 22nd. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.10. Schlumberger had a net margin of 10.56% and a return on equity of 15.06%. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. Research analysts forecast that Schlumberger Limited will post 2 EPS for the current year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Wednesday, September 7th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $0.70 annualized dividend and a dividend yield of 2.02%. Schlumberger’s payout ratio is currently 38.04%.

Analysts Set New Price Targets

A number of brokerages have commented on SLB. Cowen upped their price objective on shares of Schlumberger from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday, July 25th. Barclays upped their price objective on shares of Schlumberger from $55.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 8th. Piper Sandler upgraded shares of Schlumberger from a “neutral” rating to an “overweight” rating and increased their price target for the company from $43.00 to $55.00 in a report on Monday, April 11th. HSBC upgraded shares of Schlumberger from a “hold” rating to a “buy” rating and increased their price target for the company from $4.60 to $44.20 in a report on Wednesday, April 27th. Finally, Morgan Stanley cut their price target on shares of Schlumberger from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, July 13th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and a consensus target price of $47.01.

Schlumberger Profile

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Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.

See Also

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited (NYSE:SLBGet Rating).

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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